International business consists of trades and or transactions at a global level. These trades and or transactions include the trade of goods, services, technology, capital and or knowledge (ideas). International business consists of importing and/or exporting. The term "international business" refers to business activities in which involve cross-border transactions of goods and services between two or more countries. Transactions of economic resources include capital, skills, and people for the purpose of the international production of physical goods and services such as finance, banking, insurance, and construction. International business can also be referred to as globalization. Globalization refers to the tendency of international trade, investments, information technology and outsourced manufacturing to weave the economies of diverse countries together.